Corrective Action Activity Sample Clauses

The Corrective Action Activity clause outlines the procedures and responsibilities for addressing and remedying deficiencies or non-compliance identified during the performance of a contract. Typically, this clause requires the party at fault to promptly investigate the issue, develop a corrective action plan, and implement necessary changes to resolve the problem, often within a specified timeframe. By establishing a clear process for rectifying issues, this clause ensures that problems are addressed efficiently and helps maintain the quality and integrity of the contractual relationship.
Corrective Action Activity. In the event any deficiencies are identified through testing or audits, PHH shall perform a root cause analysis and determine whether corrective action activity, including a plan for remediation of any consumer harm, is necessary.
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Corrective Action Activity. In the event material deficiencies are identified through testing or audits, Nationstar shall perform a root cause analysis and determine whether corrective action activity, including a plan for remediation of any consumer harm, is necessary. As part of Nationstar’s root cause analysis, Nationstar will examine whether the issue is systematic or isolated, whether it impacts policies and procedures, whether it impacts Nationstar’s training procedures, whether it impacts Nationstar’s technology, and the issue’s impact on Nationstar’s testing and audit procedures, and Nationstar will correct the issue as appropriate.
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Related to Corrective Action Activity

  • Corrective Action Despite its right to terminate this Agreement pursuant to this Article, the LHIN may choose not to terminate this Agreement and may take whatever corrective action it considers necessary and appropriate, including suspending Funding for such period as the LHIN determines, to ensure the successful completion of the Services in accordance with the terms of this Agreement.

  • Corrective Action Plan Within fifteen (15) Business Days following the establishment of the Joint Remediation Committee, the Purchasers, in consultation with the Sellers, shall prepare and submit to the Joint Remediation Committee an initial draft of the Corrective Action Plan. The parties shall work in good faith through the Joint Remediation Committee to finalize the Corrective Action Plan within fifteen (15) Business Days of the Purchasers’ submission of the initial draft of the Correct Action Plan. At the end of such period, if the Sellers reasonably determine that the Corrective Action Plan proposed by the Purchasers (as may be modified over the course of such period) would not reasonably be expected to satisfactorily address the Major Default, then the Sellers may escalate the issue to the Head of Commercial Capital (or equivalent leader of any successor business unit) of the Seller Group and the Chief Executive Officer of the Bank Assets Purchaser (the “Senior Executives”) and the Senior Executives shall work collaboratively (including with the Joint Remediation Committee) to develop a mutually agreeable Corrective Action Plan within fifteen (15) Business Days.